European banks have been more active in lending to speculative property developments over the past year, however this upward spike looks like being short lived according to the third annual ‘European Property Finance Trends’ report from EC Harris, the international Built Asset Consultancy.
The research found that nearly half (45%) of property lenders at European banks are likely to either lend less (22%) or maintain the same level of lending (23%) over the next five years. This was worse than last year when only 3% stated they would lend less, and 29% said they would lend at the same level..............................................Full Article: Source